Should MGM Resorts International (MGM) Be On Your Radar Now? - Tale of the Tape
19 Março 2014 - 9:59AM
Zacks
Opening:
It commonly happens in stock investing that investors miss the
chance of buying winning stocks that they knew would stand out.
Before they take the plunge, others get to know the hidden
potential and enter into these stocks, pushing them out of
reach.
So, instead of repenting, spotting the off-the-radar potential
winners and immediately investing in them could be a smart
decision.
Body:
One such company that looks well positioned for a solid gain, but
has been overlooked by investors lately, is MGM Resorts
International (MGM). This Resorts and Casinos stock has
actually seen estimates rise over the past month for the current
fiscal year by about 48%. But that is not yet reflected in its
price, as the stock gained only 2.27% over the same time frame.
You should not be concerned about the price remaining muted going
forward. This year’s expected earnings growth over the prior year
is 52.34%, which should ultimately translate into price
appreciation.
And if this isn’t enough, MGM currently carries a Zacks Rank #2
(Buy) which further underscores the potential for its
outperformance (See the performance of Zacks' portfolios and
strategies here:About Zacks Performance).
So if you are looking for a stock flying under-the-radar that is
well-equipped to bounce down the road, make sure to consider MGM.
Solid estimate revisions and an impressive Zacks Rank suggest that
better days may be ahead for MGM and that now might be an
interesting buying opportunity.
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